2017 French legislative elections result in a hung parliament with no majority party, causing political uncertainty and market turbulence.

French legislative elections have led to a hung parliament with no party securing a majority, causing political uncertainty and market turbulence. The left-wing New Popular Front coalition (NPF) won the most seats, raising concerns over increased wealth taxation and challenges for billionaire owners such as those in the luxury sector. Market experts predict a potential widening of the French-German yield spread and limited upside for French stocks until the political situation becomes clearer.

July 08, 2024
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